3.6% cost of living adjustment beginning in January 2012
The Social Security Administration announced yesterday (10/19/11) that Social Security beneficiaries will receive a 3.6% cost of living adjustment beginning in January 2012. This amounts to a $43 per month raise for the average recipient, bring their average annual benefit to $14,748.
If you are receiving your benefit, enjoy an extra meal out each month and help jumpstart our economy!
If you are not retired, you should ask if you are saving enough to make sure that this is not the only income source you will have when you retire. We can help analyze whether your’e going to be ok or not. Call us today!